EMPIRE STATE REALTY TRUST SIGNS THREE NEW DEALS THAT TOTAL NEARLY 20K SQUARE FEET AT 1359 BROADWAY
Empire State Realty Trust (NYSE: ESRT) has announced three new leases at 1359 Broadway. Calzedonia signed for 10,492 square feet, BMR Energy expanded to 4,049 square feet, and Converge Technology Solutions leased 4,865 square feet. Totaling nearly 20,000 square feet, these leases reflect a continued interest in quality office space in Manhattan. The building offers modern efficiencies and is well-located with access to public transportation and amenities.
- New leases totaling nearly 20,000 square feet enhance tenant roster.
- The leases indicate strong demand for quality office space in Manhattan.
- None.
NEW YORK, May 5, 2022 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today three new leases with Calzedonia, BMR Energy, and Converge Technology Solutions at 1359 Broadway. The three deals totaled nearly 20,000 square feet at the Manhattan office building.
"ESRT continues to benefit from the market flight to quality at 1359 Broadway and throughout our portfolio," said Thomas P. Durels, executive vice president, real estate at Empire State Realty Trust. "We are pleased to welcome Calzedonia, BMR Energy, and Converge Technology Solutions to our stellar tenant roster."
- Calzedonia USA, Inc. signed a new lease for 10,492 square feet in March 2022. Val Stobetsky and Calum Waddell of JLL represented Calzedonia in the lease negotiations.
- BMR Energy signed on for a relocation and expansion from its previous space in the building to a new space totaling 4,049 square feet in March 2022.
- Converge Technology Solutions signed a new lease for a 4,865 square foot space in March 2022. Dana Pike of George Comfort & Sons, Inc. represented Converge Tech Solutions in the lease negotiations.
ESRT was represented by Jordan Berger and Shanae Ursini of ESRT and Paul J. Amrich, Neil V. King III, Emily Chabrier, and Meghan Allen of CBRE in all three lease negotiations.
Located along the Broadway Pedestrian Plaza, 1359 Broadway offers convenient access to major transportation hubs, subway lines, dining, lodging, and shopping. The fully modernized office building features industry-leading energy efficiency and indoor environmental quality measures at a fraction of the cost of newer buildings.
More information about 1359 Broadway, and current availabilities, can be found online.
Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and manages a well-positioned property portfolio of office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. Owner of the Empire State Building, the World's Most Famous Building, ESRT also owns and operates its iconic, newly reimagined Observatory Experience. The company is a leader in healthy buildings, energy efficiency, and indoor environmental quality, and has the lowest greenhouse gas emissions per square foot of any publicly traded REIT portfolio in New York City. As of March 31, 2022, ESRT's portfolio is comprised of approximately 9.4 million rentable square feet of office space, 700,000 rentable square feet of retail space and 625 units across two multifamily properties. More information about Empire State Realty Trust can be found at esrtreit.com and by following ESRT on Facebook, Instagram, Twitter and LinkedIn.
This press release contains forward-looking statements within the meaning of the Federal securities laws. You can identify these statements by our use of words such as "assumes," "believes," "estimates," "expects," "intends," "plans," "projects" or the negative of these words or similar words or expressions that do not relate to historical matters. You should exercise caution in interpreting and relying on forward-looking statements, because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond ESRT's control and could materially affect actual results, performance or achievements. Such factors and risks include, without limitation, (i) the current public health crisis and economic disruption from the COVID-19 pandemic, (ii) a failure of conditions or performance regarding any event or transaction described above, (iii) environmental uncertainties and risks related to climate change, adverse weather conditions, rising sea levels and natural disasters; and (iv) accuracy of our methodologies and estimates regarding ESG metrics and goals, (v) tenant willingness and ability to collaborate in reporting ESG metrics and meeting ESG goals, (vi) impact of governmental regulation on our ESG efforts, (viii) and other risks and uncertainties described from time to time in ESRT's and ESROP's filings with the SEC, including those set forth in each of ESRT's and ESROP's Annual Report on Form 10-K for the year ended December 31, 2021 under the heading "Risk Factors." Except as may be required by law, ESRT and ESROP do not undertake a duty to update any forward-looking statement, whether as a result of new information, future events or otherwise.
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SOURCE Empire State Realty Trust, Inc.
FAQ
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